Orientation III: Lesson 7 - The Economics Of Unemployment

Question 1

What 1935 U.S. government act initiated the development of the federal-state unemployment insurance system?

a.
The Fair Labor Standards Act

b.
The Sherman Antitrust Act

c.
The Social Security Act

d.
The Taft-Hartley Act

Question 2

As an Electrical Worker in the electrical construction industry, one is part of a(n) ? workforce.

a.
elite

b.
permanent

c.
privileged

d.
temporary

Question 3

Which of the following attributes have a positive effect on employment potential?

a.
Confidence in ability

b.
Knowledge

c.
Positive attitude

d.
Skill

e.
All of the above

Question 4

During periods of high unemployment, “extended benefits” can result in 13 to ? weeks of additional unemployment benefits.

a.
20

b.
22

c.
26

d.
52

Question 5

Select the generally accepted course(s) of action to help eliminate the possibility of economic hardship during periods of unemployment.

a.
Establish a realistic household budget.

b.
Live within one’s economic means.

c.
Establish a personal savings plan; make deposits to it on a regular basis.

d.
All of the above.

Question 6

A career in the electrical construction industry offers ? growth potential.

a.
average

b.
limitless

c.
minimal

d.
very good

Question 7

When one makes a deposit to one’s personal savings plan, one is actually paying oneself.

True or False

Question 8

To apply for unemployment benefits, one must contact the local office of the agency that administers the unemployment insurance program in one’s ? .

a.
area

b.
county

c.
city or town

d.
state